Stock Market update: Everybody panic!

[Jimbuna]

Originally Posted by Onkel Neal

In Feb I invested heavily in energy: BP, Kinder Morgan, Exxon. Price of oil is low due to oversupply, but that won't last forever....

I don't invest in shares directly now, preferring to go down the Unit Trust route but you are quite correct IMHO, oil can only go one way now but the question is when?

Getting in now with prices so low is all one can do, then sit and wait for the inevitable rise.

[Onkel Neal]

Originally Posted by Jimbuna

I don't invest in shares directly now, preferring to go down the Unit Trust route but you are quite correct IMHO, oil can only go one way now but the question is when?

Getting in now with prices so low is all one can do, then sit and wait for the inevitable rise.

What is a Unit Trust?

Yes, oil is at $46 bbl, but it could go back down and stay there a few years. Then again, with the middle east, anything could happen. I trust countries like Russia and Venezuela are as interested as I am in getting the price back up.

[Aktungbby]

Originally Posted by Onkel Neal

What is a Unit Trust?

Yes, oil is at $46 bbl, but it could go back down and stay there a few years. Then again, with the middle east, anything could happen. I trust countries like Russia and Venezuela are as interested as I am in getting the price back up.

Similar to a mutual fund; http://www.investopedia.com/terms/u/unittrust.asp ALSO: https://www.quora.com/What-is-the-difference-between-a-unit-trust-fund-and-a-mutual-fund

[Jimbuna]

Originally Posted by Onkel Neal

What is a Unit Trust?

Yes, oil is at $46 bbl, but it could go back down and stay there a few years. Then again, with the middle east, anything could happen. I trust countries like Russia and Venezuela are as interested as I am in getting the price back up.

http://www.which.co.uk/money/savings...sts-and-oeics/

http://www.money.co.uk/guides/what-is-a-unit-trust.htm

[Onkel Neal]

Originally Posted by Jimbuna

http://www.which.co.uk/money/savings...sts-and-oeics/

http://www.money.co.uk/guides/what-is-a-unit-trust.htm

Ah, a managed mutual fund.



Saudi Arabia just fired its oil minister
http://money.cnn.com/2016/05/07/inve...ter/index.html

Oil makes up 87% of Saudi Arabia's revenue, and the collapse in world crude prices since 2014 has left the kingdom struggling. It has already cut subsidies and borrowed billions to try to balance its books.

Blink, you arabs.

[Onkel Neal]

Arabs blinked, oil going up, now at $50, and supply is outstripping the surpluses.

Two years after quietly declaring war on upstart US shale, Saudi Arabia says the need for the fighting is over. In remarks to journalists while on a US visit, Saudi Arabian energy minister Khalid Al-Falih said that the worldwide oil glut has vanished, signaling an end to Saudi Arabia’s strategy of flooding the global market with oil to try to put American drillers out of business.

The implication was that Saudi Arabia owned the victory. But a three-week-long resurgence of US oil drilling after 21 months of decline suggests that Saudi and the US fought to a draw.
Falih noted that a record volume of oil remains in storage in the US and around the world (paywall), built up during the glut, but once much of that is sold off, the kingdom can resume its traditional role managing supply and demand.

“We are out of it,” Falih told the Houston Chronicle. “The oversupply has disappeared. We just have to carry the overhang of inventory for a while until the system works it out.”

[Betonov]

Great.
Time to sell the car.

[STEED]

Japan downgraded and the Arabs are up to know good, world economic collapse on the way have you see the price of gold and silver up up up. The smart money is pulling out ready for another crash.

[Jimbuna]

Originally Posted by Jimbuna

I don't invest in shares directly now, preferring to go down the Unit Trust route but you are quite correct IMHO, oil can only go one way now but the question is when?

Getting in now with prices so low is all one can do, then sit and wait for the inevitable rise.

[Oberon]

The Financial Times has just given up now:

[Jimbuna]

One can't honestly say this wasn't already predicted.

[Skybird]

Don't chase charts and diagrams.

They are astrology. They pretend to show causality, where there is none.

[Jimbuna]

Originally Posted by Skybird

Don't chase charts and diagrams.

They are astrology. They pretend to show causality, where there is none.

Precisely, there are many financial houses as well as individuals who will do well out of all this.

[Oberon]

The question is if the British people are one of those houses....

[Mr Quatro]

Originally Posted by Jimbuna

Precisely, there are many financial houses as well as individuals who will do well out of all this.

They (if you know who they are then you are one of them) say that this separation from the EU will take years to complete.

Mean while the advice every rich parent gives to his or her children,

"Buy low and sell high"